DeXe.Network partners with StaFi

DeXe.Network partners with StaFi

Profile Image Of DNakaMotooOfOurTime DNakaMotooOfOurTime

  1st, December 2020 (5 months ago)

News

StaFi adds value to staked tokens that were just sitting there before” notes DeXe Network’s Co-Founder, Dmitriy Kotliarov: “And traders will love the liquidity it gives their assets.

DeXe.Network has announced that it is partnering with StaFi Protocol, a decentralized protocol to provide the liquidity of your staking assets. The official announcements States that the Partnership is aimed at helping both traders and users to generate more profit from their assets.

Unlike other already existing staking protocol on the Proof-Of-Stake (POS) Consensus Mechanism where users stake their assets without access to the staked funds, StaFi will allow access by issuing prospective stakers with a tradeable rToken (Reward Token) that can be easily traded in any CEX or DEX where it's available on.

“StaFi adds value to staked tokens that were just sitting there before” notes DeXe Network’s Co-Founder, Dmitriy Kotliarov: “And traders will love the liquidity it gives their assets.”

“DeXe is the World’s first decentralized social trading platform designed to copy the best traders strategies. We are very excited about the future synergies between StaFi rTokens and DeXe,” said Young Liam, Founder of StaFi.

The partnership allows StaFi access to DeXe.Network's traders and followers which in turn means the amount of volume that they bring with them.


https://dexe.network/

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